Breaking News... 5th wave of operations in fund investigations! Akın Gürlek announced: Proceeds of crime will be transferred to the SDIF

Justice Minister Gürlek announced that a 5th wave of operations has been carried out in the fund investigations conducted by the Istanbul Chief Public Prosecutor's Office's Bureau for Investigation of Money Laundering Crimes.

Within the scope of the operation, search, seizure, and detention orders were issued for 34 suspects. This brings the total number of suspects processed within the scope of the investigation to date to 217. It was reported that 56 of these individuals have been arrested, while judicial control measures have been applied to 88 suspects.

While it was stated that the investigation is not limited to the current funds and suspects, it was also conveyed that movements in 26 stocks, which are considered to be the subject of speculative and manipulative transactions, are being examined. It was stated that the transaction histories, money flows, and connections of individuals and accounts that have generated extraordinary gains in a short period are being investigated.

The statement further indicated that if it is determined that unfair gains were obtained by manipulating the markets, legal processes will be initiated to transfer the assets derived from the crime to a fund to be established within the SDIF, in accordance with legal procedures.

The full statement is as follows:

“OUR CITIZENS' RIGHTS WILL BE PROTECTED, AND THOSE WHO MANIPULATE THE MARKETS WILL BE HELD ACCOUNTABLE BEFORE THE LAW!”

The will expressed by our President, Mr. Recep Tayyip Erdoğan, regarding the protection of the rights of our investing citizens and the strengthening of the safe and healthy functioning of capital markets is clear. As the Ministry of Justice, we are resolutely fulfilling all our responsibilities to protect the rights of our citizens without compromising the rule of law.

A 5th wave of operations was carried out today in the fund investigations conducted by the Istanbul Chief Public Prosecutor's Office's Bureau for Investigation of Money Laundering Crimes; search, seizure, and detention orders were issued for 34 suspects. Thus, the number of suspects processed to date has reached 217; 56 suspects have been arrested, and judicial control measures have been applied to 88 suspects.

The scope of the investigations is not limited to the current funds and suspects. Movements in 26 stocks, which are considered to be the subject of speculative and manipulative transactions, are being examined in detail; the transaction histories, money flows, and connections of individuals and accounts that have generated extraordinary gains in a short period are also being investigated.

Those who try to obtain unfair gains over the savings of our citizens by manipulating the markets should know that the trail of unfair gains will be followed to the end. Legal processes will be initiated to transfer the assets determined to be proceeds of crime to a fund to be established within the SDIF, within the framework of procedures prescribed by law.

In line with the strong will demonstrated by our President; we will continue to resolutely do our part to protect the rights of our investing citizens, to strengthen the trust in our capital markets, and to ensure that those responsible are held accountable before the law.

News Source: 12punto